lond postion is done all ready , operertunities, need to wait.. create new liquidity , or rejection from borth side..so wait . i want tell you one thing, markets will not gone have huge moves, batter to be speculator not investor. be intelligent speculator.
money is really sticky .
looking at bitcoin, i see a Bullish Cypher Set up, and a bounce from D leg. The June Uptrend that started is still in tack. I'm looking for bitcoin to retest the over supply zone (see the nasty wick that sold off) which is just above the C leg
Quite the chop chop with Bitcoin
Strong support around the $6200 and resistance around $6400
Watch for:
- Btc is testing the 1 Fib
- Flag pennant is forming (watch for the BO)
- Also possible symmetrical triangle is forming (watch for volume)
- Oscillators are indicating more bearish momentum
- Decreasing volume
Action step:
- Wait for the breakdown of $6200 or...
